Major U.S. indexes lost roughly 3.5% Thursday, and Treasury yields touched more record lows in their latest yo-yo move. The slide nearly wiped out the surge stocks had ridden just a day earlier, which came in part on hopes that moves by authorities around the world could cushion the economic fallout.
Stocks rose sharply from the get-go Tuesday, led by big gains for health care stocks after Joe Biden solidified his contender status for the Democratic presidential nomination. Investors see him as a more business-friendly alternative to Bernie Sanders.
Stocks fell sharply Tuesday after an emergency interest-rate cut by the Federal Reserve. While the cut gave some investors exactly what they had been asking for, Federal Reserve Chairman Jerome Powell acknowledged that the ultimate solution to the virus challenge will have to come from health experts and others, not central banks.
Technology companies led a broad stock market gain Monday, which gave the Dow its biggest-ever point gain and biggest percentage increase since March 2009. The S&P 500 index jumped 4.6%, its best day since December 2018.
The market clawed back much of its intraday losses in the last 15 minutes of trading Friday as some buyers emerged, keeping the indexes from another steep plunge.
This week’s stock market rout continued Thursday as coronavirus worries increased. The S&P 500 has now plunged 12% from the all-time high it set just a week ago. That puts the index in what market watchers call a “correction,” which analysts have said was long overdue in this bull market, which is the longest in history.
Once again, stocks slid on Wall Street Wednesday. The benchmark S&P 500 fell for the fifth straight day after swinging between a 0.6% loss and 1.7% gain. Smaller company stocks bore the brunt of the selling. The bond market continued to flash warning signs as long-term Treasury yields fell further below short-term yields.
Stocks sank again Tuesday. The latest wave of selling came as more companies, including United Airlines and Mastercard, warned that the growing virus outbreak will hurt their finances, and more cases were reported in Europe and the Middle East, far outside the epicenter in China.
Technology stocks accounted for much of the broad market slide, which wiped out all of the Dow’s and S&P 500’s gains for the year. The Nasdaq closed down 355.31 points, or 3.7%, to 9,221.28 — it’s biggest loss since December 2018.
Media stocks and all major U.S. stock market indices were slammed Monday morning as coronavirus concerns heightened. Walt Disney was down 3.8% to $133.71, while ViacomCBS lost 4% to $27.13 and Sinclair Broadcast Group fell 5% to $27.47. In digital media, Google gave up 3.7% to $1,430, while Facebook was off 3.6% to $202.64, Amazon was down 3.5% to $2,022, Netflix sank 3.4% to $367.48, Apple was off 3% to $303.53, and Roku went backwards 3.6% to $115.09.
On Friday, new data showing manufacturing and business activity suddenly slowed this month stoked investors’ anxiety over the outbreak’s impact on company profits. New reports that infections are spreading added to traders’ jitters.
The market had started the day off higher following another round of stronger-than-expected reports on the U.S. economy, but it slumped suddenly in the late morning.
Technology stocks helped lead the market higher on Wednesday, as they’ve been doing for years, and Apple rallied to recover most of its loss from the prior day. It dropped Tuesday after warning that revenue this quarter would fall short of forecasts due to the viral outbreak centered in China.
Stocks fell Tuesday. Banks and technology stocks accounted for most of the decline. The Nasdaq eked out a tiny gain that was good enough to nudge it to another record high.
s Wall Street approaches the 20th anniversary of the piercing of the dot-com bubble, today’s decade-old rally led by a few small players shows some similarities that cautious investors are keeping an eye on.
U.S. stocks posted small gains Friday, putting major indexes up for the week. Gains in the technology, real estate and utilities sectors outweighed losses in energy and industrial stocks, and in consumer-centric companies. Trading was mostly subdued and cautious following China’s report Thursday of a surge in cases of a new virus that raised fresh concerns about global economic growth.
U.S. stocks edged mostly lower Thursday after cases of the China coronavirus spiked. Hopes that the spread of the virus had peaked were dashed Thursday, when China reported a sharp rise in cases and deaths after the hardest-hit province of Hubei took a new approach to classifying and diagnosing the virus.
Solid earnings reports sent stock indexes higher Wednesday. Technology stocks powered much of the rally as investors focused on the latest batch of mostly solid company earnings reports. The latest gains came as worries about the economic impact of the virus outbreak that originated in China continued to subside.
U.S. stocks extended gains on Tuesday as investors weighed another batch of mostly solid company earnings reports. Sprint soared after a federal judge cleared a major obstacle to the company being acquired by T-Mobile. Microsoft and Facebook slumped after federal regulators announced they’ve ramped up an antitrust probe into the two companies as well as Amazon, Apple and Google parent Alphabet.
Technology companies and retailers led U.S. stocks higher Monday. Traders also shifted money into U.S. government bonds, sending yields lower, and they bid up the price of gold. Both can signal uneasiness in the market.
On Friday, the S&P 500 slipped for the first time this week as momentum stalled. The pullback, which followed a sell-off in markets around the world, snapped a four-day winning streak for the major U.S. stock indexes. Even so, the benchmark S&P 500 notched its biggest weekly gain since June.
Stocks posted their fourth gain in a row Thursday, extending a weeklong rally. The latest gains came as investors assessed more company earnings reports. China’s decision to cut tariffs on $75 billion of U.S. imports also helped keep investors in a buying mood.
U.S. stocks extended this week’s rally on Wednesday. The latest gains came as another batch of solid corporate earnings reports and encouraging economic data overshadowed concerns about the potential economic fallout from the virus outbreak that originated in China.
Stocks rose on Wall Street Monday despite worries over coronavirus virus. Chinese stocks tumbled nearly 8% after investors there got a chance to catch up to losses that already swept through other markets.
Stocks sank Friday on fears that the coronavirus outbreak will dent the enonomy. Technology companies, which do a lot of business with China, led the losses. Airlines fell after Delta and American suspended flights to and from China. The sell-off erased the S&P 500’s gains for January and gave the benchmark index its biggest weekly loss since August.
Stocks posted modest gains at end of a wobbly day of trading Thursday. News of a spike in the number of confirmed cases and fatalities from a virus outbreak in China put investors in a selling mood for most of the day, overshadowing a batch of mostly solid company earnings reports.
Stocks giae up early gains and ended mixed on Wednesday. Investors continued to assess quarterly reports from big companies, including solid results from General Electric and Apple. The iPhone maker’s shares climbed to an all-time high. Microsoft reported quarterly results after the close of regular trading that topped Wall Street estimates.
Stock indexes posted gains on Tuesday, one day following a big drop. The rebound ended a five-day losing streak for the Dow Jones Industrial Average fueled largely by fears that the spread of a new virus in China could hamper global economic growth. The outbreak has killed more than 100 people, putting a chill on travel and tourism in China.
Stocks tumbled Monday as virus fears sparked a sell-off. The latest bout of selling on Wall Street came after China announced a sharp rise in cases of the virus. Airlines, resorts and other companies that rely on travel and tourism suffered steep losses.
Stocks fell Friday as fears grew about the coronavirus. The sell-off followed news that a Chicago woman has become the second U.S. patient diagnosed with the new virus from China. Health authorities worldwide have been taking measures to try to contain and monitor the coronavirus outbreak.
Gains in technology and industrial companies pushed U.S. stocks mostly higher Thursday. The S&P 500 notched a small gain for the second straight day, while a modest pickup nudged the Nasdaq composite to an all-time high.
U.S. stocks finished flat Wednesday as investors had their eye on an international effort by health authorities to monitor and contain a deadly virus outbreak in China that has spread to the U.S. and three other countries.
U.S. stocks closed lower Tuesday amid jitters over a virus outbreak. The selling in U.S. stocks followed losses in Asian and European markets as investors worried that the new coronavirus spreading in the world’s second-largest economy could hurt tourism and ultimately economic growth and corporate profits.
Technology and communications stocks pushed U.S. stock indexes to more records Friday. Energy sector stocks were the only decliners. Bond prices fell, sending yields higher.
Stock indexes rallied Thursday to set more record highs. A batch of solid economic data injected more optimism into markets a day after the signing of an initial trade deal between the U.S. and China.
Slight gains sent the Dow Jones Industrial Average above 29,000 on Wednesday. The milestones came on a day when the market traded in a narrow range as investors weighed the latest batch of corporate earnings reports and the widely anticipated signing of an initial trade deal between the U.S. and China.
Stocks clung to tiny gains on Tuesday as investors parsed trade signals. Technology stocks accounted for much of the selling. The sector is particularly sensitive to developments in trade relations because many of the companies rely on China for sales and supply chains.
Stocks climbed Monday, sending the S&P 500 and Nasdaq composite indexes to new records. The rally, which added to the market’s gains from last week, came as investors looked ahead to the signing of an initial trade deal with China and the potential for future talks.
U.S. stocks pulled back from record levels Friday following a weaker-than-expected jobs report. Employers added 145,000 jobs across the country in December, short of the 160,000 that economists forecast. But the growth was solid enough to bolster Wall Street’s view that the job market is holding up and households can continue to spend, preserving the largest part of the economy.
U.S. stocks set records Thursday as money flowed into riskier investments, such as technology stocks, and trickled out of traditional hiding spots for investors when they’re nervous, such as gold. Stocks have been rallying since Wednesday, after investors took comments from President Donald Trump and Iranian officials to mean no military escalation is imminent in their tense conflict.